ZZDC(SZ:000753)2024-04-26 10:35Financial Performance - The company's operating revenue for Q1 2024 was ¥580,001,917, representing a 26.00% increase compared to ¥460,305,754 in the same period last year[5]. - Net profit attributable to shareholders for Q1 2024 was ¥19,587,396, up 12.79% from ¥17,366,460 in Q1 2023[5]. - Basic earnings per share for Q1 2024 were ¥0.0198, reflecting a 13.14% increase from ¥0.0175 in Q1 2023[5]. - Net profit for Q1 2024 was ¥28,441,978, representing a 6.3% increase from ¥26,762,778 in Q1 2023[21]. - The company reported a financial income of ¥73,837,684, which increased from ¥55,631,279 in the previous year[21]. Cash Flow - The net cash flow from operating activities was -¥246,657,190, a decrease of 27.57% compared to -¥193,357,773 in the previous year[5]. - The net cash flow from operating activities for Q1 2024 was -¥246,657,190, compared to -¥193,357,773 in Q1 2023, indicating a worsening cash flow situation[24]. - The net cash flow from investment activities was -97,650,902.92 CNY in Q1 2024, compared to 59,982,264.82 CNY in Q1 2023[25]. - The total cash outflow from investment activities was 103,078,604.60 CNY in Q1 2024, compared to 56,732,275.40 CNY in Q1 2023[25]. - The net cash flow from financing activities increased to 249,800,293.65 CNY in Q1 2024, compared to 187,663,969.00 CNY in Q1 2023[25]. Assets and Liabilities - Total assets at the end of Q1 2024 were ¥10,053,816,659, a 0.73% increase from ¥9,980,994,268 at the end of the previous year[5]. - The total current liabilities rose to CNY 1,290,870,350.62 from CNY 1,049,356,332.88, indicating an increase of approximately 23.1%[17]. - Total liabilities as of Q1 2024 amounted to ¥7,027,871,208, slightly up from ¥6,983,468,136 in the previous quarter[21]. - The total liabilities increased to CNY 2,000,000,000, reflecting a significant rise in financial obligations[17]. Investments and Joint Ventures - The company established a joint venture for solar power projects with a registered capital of CNY 170 million, where Fujian Zhangfa New Energy holds a 20% stake[13]. - The company’s long-term equity investments rose to CNY 584,157,882.72 from CNY 557,931,159.66, an increase of approximately 4.7%[17]. - Investment activities cash outflow increased by 81.69% to ¥103,078,604.60, attributed to higher equity payments for new energy investments[8]. Inventory and Receivables - Accounts receivable increased to CNY 1,037,205,252.13, up from CNY 931,733,666.10, representing an increase of about 11.3%[16]. - The company’s inventory increased to CNY 266,451,604.08 from CNY 241,974,705.22, marking an increase of about 10.1%[16]. Other Financial Information - The company decided to terminate the issuance of A-shares to specific investors and withdrew the application on January 23, 2024[12]. - The company did not undergo an audit for the Q1 2024 report[27]. - The report was released on April 27, 2024[27]. - The company adopted new accounting standards starting in 2024[26].